Prozone Realty: Four entities from promoter group seek reclassification to public category

Prozone Realty Limited, on September 20, 2025, received requests from four entities within its promoter group for reclassification to the public category, in compliance with Regulation 31A of SEBI Listing Regulations, 2015. The entities are Rakesh Rawat Family Trust, Ghanshyam Rawat, Pushplata Rawat, and Vandana Vaidh.

As of the request date, Rakesh Rawat Family Trust held 3,585,796 shares (2.35%). Ghanshyam Rawat and Pushplata Rawat held no shares (0.00%), while Vandana Vaidh held 1,620 shares (0.00%). The company stated it would take necessary steps in accordance with regulatory requirements, including placing the requests before its board of directors within two months for analysis and seeking necessary approvals from authorities like SEBI and stock exchanges.

The reclassification requests assert that the applicants do not hold more than 10% of total voting rights, do not exercise control over the company, have no special rights, are not represented on the board, do not act as key managerial persons, are not willful defaulters, and are not fugitive economic offenders.